Based on the convergence of previous areas of resistance and previous areas of support as well as the inner boundaries of previous borders of triangles I feel strongly that these all indicate a possible upcoming bull movement if the highlighted pennant is broken from above.
If the pennant is not broken by a bullish movement before the 24th elapses, expect the price to fall lower to 4460 area shortly after the 24th.
P.S This is not investment advice, it is only my general observation.
If the pennant is not broken by a bullish movement before the 24th elapses, expect the price to fall lower to 4460 area shortly after the 24th.
P.S This is not investment advice, it is only my general observation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.